LANXESS Aktiengesellschaft (ETR:LXS) Stock Passes Above 50-Day Moving Average – Here’s Why

LANXESS Aktiengesellschaft (ETR:LXS) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of €17.31 and traded as high as €18.59. LANXESS Aktiengesellschaft shares last traded at €17.82, with a volume of 717,662 shares.

LANXESS Aktiengesellschaft Price Performance

The stock has a market capitalization of $1.61 billion, a P/E ratio of -1.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.34. The company has a debt-to-equity ratio of 72.47, a quick ratio of 0.57 and a current ratio of 1.67. The firm has a 50-day moving average price of €17.31 and a 200 day moving average price of €18.35.

About LANXESS Aktiengesellschaft

LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates. The Consumer Protection segment provides material protection products; disinfectant, hygiene, and preservative solutions; flavors and fragrances; liquid purification technologies for the treatment of water and other liquids; and precursors and intermediates for the agrochemicals, pharmaceuticals, and specialty chemicals industries.